New York: The Financial Industry Regulatory Authority (FINRA), a prominent Wall Street watchdog, has launched an investigation into trading activities surrounding Douglas Elliman Inc., following a failed takeover bid by Anywhere Real Estate. The probe, currently in its early stages, is focused on whether any individuals had access to non-public information prior to the public announcement of the bid in late May 2025.

According to letters reviewed by Reuters and sources familiar with the matter, FINRA requested Douglas Elliman provide detailed internal records, including board minutes, a list of individuals aware of the bid before it became public, communications with advisors, and the company’s internal policies regarding share trading. The regulator emphasized that this review is routi

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